81 Shares in Martin Marietta Materials, Inc. (NYSE:MLM) Bought by Retirement Wealth Solutions LLC

Retirement Wealth Solutions LLC purchased a new stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 81 shares of the construction company’s stock, valued at approximately $41,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MLM. Edgestream Partners L.P. acquired a new stake in Martin Marietta Materials during the 2nd quarter worth approximately $673,000. Mercer Global Advisors Inc. ADV lifted its position in Martin Marietta Materials by 239.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,152 shares of the construction company’s stock valued at $3,333,000 after buying an additional 4,337 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Martin Marietta Materials by 6.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,964 shares of the construction company’s stock worth $2,655,000 after buying an additional 284 shares during the period. Hsbc Holdings PLC increased its position in shares of Martin Marietta Materials by 20.0% in the second quarter. Hsbc Holdings PLC now owns 128,806 shares of the construction company’s stock worth $69,839,000 after acquiring an additional 21,488 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Martin Marietta Materials by 66.4% in the 2nd quarter. XTX Topco Ltd now owns 2,641 shares of the construction company’s stock valued at $1,431,000 after acquiring an additional 1,054 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James decreased their target price on Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup lowered their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Hsbc Global Res raised shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays raised their price target on shares of Martin Marietta Materials from $595.00 to $645.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price objective on the stock in a report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Martin Marietta Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $648.71.

Martin Marietta Materials Stock Performance

MLM stock opened at $543.33 on Friday. Martin Marietta Materials, Inc. has a 1 year low of $490.05 and a 1 year high of $633.23. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The stock’s fifty day moving average is $555.95 and its two-hundred day moving average is $550.86.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $5.91 earnings per share for the quarter, missing the consensus estimate of $6.41 by ($0.50). Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business earned $6.94 earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts predict that Martin Marietta Materials, Inc. will post 17.6 EPS for the current year.

Martin Marietta Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.85%.

Martin Marietta Materials Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.